BTR Services, VASCO Data Security (a world leader in internet security), KBC ICT Services (the ICT department of KBC) and Oracle Financial Services (the world’s largest business software company and specializing in products for banks) joint launched of a SaaS (software as a service) platform offering back office services for Retail Banking covering initially Current and Saving Accounts, savings products, Term Deposits, Domestic and International Payments.
BTR Services is in charge of the parameterization of the platform, KBC ICT Services will host and service the application in their datacenter, VASCO Data Security implements security to access the platform using the DIGIPASSTM technology.
This concept will provide Banks a lower production cost and a better allocation of available resources in order to focus on the core competencies of their business. The SaaS platform will follow the local regulatory requirements and deliver payments to the international standards like SEPA, so that the customer can focus on his core business.
The initial focus is the Belgian Market. With this offering we target Tier 1 and Tier 2 Foreign banks opening a branch in Belgium, Tier 3 and Tier 4 Belgian Banks and Green field banks that want to start operations in Belgium. Our goal is to offer an attractive and flexible pricing model.